On August 28th, the Green, Low Carbon, and High Quality Development Conference jointly hosted by the Ministry of Ecology and Environment, the China Association for Science and Technology, and the Shandong Provincial People's Government was grandly held in Yantai Bajiaowan. Mr. Kou Guangwu, President of Wanhua Chemical Group Co., Ltd., gave a keynote speech at the conference on "Cultivating a Low Carbon Circular Industrial Chain and Realizing Sustainable and High Quality Development", sharing Wanhua Chemical's practice in green and low-carbon areas.

In response to the urgent challenge of global climate change, the chemical industry is actively exploring more forward-looking green development strategies. At the meeting, Mr. Kou introduced the necessity of green transformation for enterprises, stating that the transition from "dual control of energy consumption" to "dual control of carbon emissions" is becoming a key driver leading green transformation. The "dual control of carbon emissions" is not only the direction of green development, but also to empower enterprises with sustainable development rights. Wanhua Chemical continuously breaks through new energy, new devices, new processes, new recycling, new utilization, new cycles, new industrial chain links, and new green solutions. Relying on the advantages of the industrial chain, Wanhua Chemical works with upstream and downstream partners to build a circular low-carbon ecosystem and assist in the sustainable development of the industry.

New energy, creating new driving force for carbon reduction

Optimizing the energy structure through the development of new energy is an important measure to achieve sustainable development. Wanhua Chemical achieves a social increase in clean electricity by investing in new energy sources such as offshore wind power, onshore wind power, complementary agriculture and solar power, complementary fishing and solar power, and nuclear power. According to equity ratio, it can obtain 32.4 billion kilowatt hours of equity electricity, achieving full coverage of clean electricity in Wanhua Chemical's China Industrial Park, and assisting in the low-carbon transformation of the enterprise.

Wanhua Chemical Group Co., Ltd. and State Power Investment Nuclear Energy Co., Ltd. held a signing ceremony

New device, achieving new breakthroughs in efficiency and energy conservation

Wanhua Chemical promotes energy conservation and emission reduction in the park through device optimization and the application of new catalysts. Recently, the largest nitric acid plant in China has settled in Wanhua Chemical Fujian Industrial Park. Through energy-saving designs such as reducing nitrous oxide emissions and converting steam to electricity, a single unit has achieved an annual emission reduction of nearly one million tons.

New technology, moving towards a new realm of green and efficient production

The company continuously explores new processes to achieve green and efficient production. Significant results have been achieved by continuously reducing the energy consumption of a single product through dual upgrades of device and process development. Compared to 2006, the energy consumption per ton of MDI has decreased by 90%, and it is planned to decrease by 50% on this basis by 2024.

New recycling, new peak of resource regeneration

At the same time, we practice the concept of sharing energy-saving achievements with relevant parties, recycling and reusing the production waste heat of Wanhua Chemical Yantai Industrial Park, and jointly achieving green circulation with surrounding enterprises and cities in the park. Through this technology, Wanhua Chemical Yantai Industrial Park can save about 2.6 million tons of coal annually, achieving a perfect combination of energy-saving technology for chemical plants and low-grade thermal energy technology for civilian use.

New Utilization, Science and Technology Innovation Driving New Power

With increasing global attention to climate change and carbon emissions, carbon capture, utilization, and storage platforms have become one of the key innovative solutions. The company has established a CCUS platform to achieve CO2 recycling through technological development and comprehensive catalyst research and production support, which not only helps to reduce greenhouse gas emissions but also provides new impetus for sustainable production in various industries.

New cycle, new engine of green growth

Focusing on green recycling and laying out the environmental protection industry chain, the company redefines material recycling through chemical forces, and uses alcoholysis technology to achieve chemical recovery and stable production of high-quality recycled polyethers; Waste plastic can be chemically decomposed into small molecules and then polymerized again. Compared to traditional physical recycling, the material performance does not degrade, providing high-quality recycled products for the industry.

New Industrial Chain Movement, Collaborative and Win-win New Model

The company not only continues to carry out green reforms internally, but also actively promotes the coordinated development of the industrial chain. By optimizing supply chain management and logistics transportation, promoting shared pallets, shared PVC ton bags, recycled plastic barrels, and MDI molded pallets, we aim to promote recycling and sharing in the logistics and packaging industries, reduce carbon footprint, and achieve efficient resource utilization.

New green solutions to support sustainable growth

Based on sustainable material research and development, the company focuses on application scenarios such as zero carbon communities, formaldehyde free spaces, bio based and biodegradable materials. Through technological and service innovation, the company gathers the strength of the industrial chain, providing customers with efficient, stable, and responsible new green solutions, helping them cope with technological challenges, meet continuously improving environmental compliance requirements, and lead more enterprises to transform towards low-carbon.

Within its operational scope, Wanhua Chemical aims to achieve carbon peak by 2030 and carbon neutrality by 2048, which is a solemn commitment to sustainable development. Through the interweaving of eight major innovative measures, we jointly build a sustainable development pattern.

In the wave of green transformation, the company will continue to adhere to the concept of "cooperative growth, sharing and win-win", work together with global partners, adhere to technological innovation and industrial cooperation, jointly promote the green, low-carbon, and high-quality development of the industry, and create new brilliance for the green future!